Contact: Patti Boerger, 703/903-2445 or Patricia_Boerger@FreddieMac.com
McLEAN, Va., June 6, 2011– Freddie Mac (OTC: FMCC.) today announced that Mike Lipson has joined company as Senior Vice President, Multifamily Asset Management. He will manage the $109 billion multifamily performing and nonperforming loans portfolio.
“Mike’s 35 years of mortgage industry experience in servicing, production and underwriting will be valuable as he manages our multifamily loan portfolio,” said Mike May, EVP of Freddie Mac Multifamily.
Lipson recently served as president and CEO of Berkadia Commercial Mortgage, LLC. Prior to that, he was executive vice president of Capmark Finance where he managed the master, primary and special servicing platforms in the U.S., Europe, and Asia before assuming oversight of the origination, underwriting and closing of loans through Freddie Mac, Fannie Mae DUS, HUD, FHA and conventional sources. Lispon’s career also includes founding the Lexington Mortgage Company in Vienna, Virginia, and serving in officer roles at York Associates in Bethesda, Maryland and DRG Financial Corporation in Washington, D.C.
He holds a Bachelor of Arts in Political Science and a Masters of Science in Real Estate & Urban Development Planning from The American University. He is also a Certified Mortgage Banker (CMB).
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Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com